Analyzing Trends in Office Attendance In Major US Markets

Team ACHE: Anh, Caden, and Heidi!

The Issue

  • Predicting who will show up to offices can be hard after covid

  • What if you care about attendance at an office you choose? What if the market you choose to settle in affects who attends work?

  • Using data from Kastle, we talk about the occupancy rate

Major Markets

Figure 1: Major Market Cities in the U.S.

Occupancy Rate

Figure 2: Time Series of Occupancy Rate

comment on that it is seasonal time series data, remove seasonal trend

Occupancy Rate: Deseasonalized

(show plot of occupancy without season changes)

Figure 3: Deseasonalized Occupancy Trends

Talk about how we want to show factors that will change this over time

Factors That May Affect Office Attendance

  1. Extreme Weather Events
  2. Unemployment Rate
  3. Traffic Congestion
  4. Covid Cases
  5. State Political Affiliation
  6. Work-from-home Rate

Example Factor: Work-from-home Rate

  • data from Kastle

  • guide through example of people working in person again increasing (?)

  • this suggests that since people returning from covid/2020 are now less likely to work in person, therefore

Our Research Question



What variables explain the increasing trend of post-COVID office occupancy across major markets?

Analysis

Other

extra yap: What trends explain the trend what is making people return to office, and is it dependent on city

Credit

Thanks!